Bitcoin Slips to $58K as Fed Faces Split Rate Cut Expectations

Traders,
however,
are
split
on
the
size
of
the
impending
rate
cut,
setting
the
stage
for
a
potential
volatility
explosion
in
financial
markets
after
Wednesday’s
rate
decision.
At
press
time,
the
Fed
funds
futures
showed
a
50%
chance
of
the
Fed
reducing
rates
by
25
basis
points
(bps)
to
the
5%-5.25%
range.
At
the
same
time,
markets
saw
a
similar
probability
of
a
bigger
50
bps
rate
cut
to
the
4.7%-5%
range.